Creating a sales management strategy is one of the easiest ways to increase your revenue and profitability.
Sales management is about leading the people and process your company uses to sell to prospects and convert them into customers. Responsibilities include:
Note: You can access interactive templates and sales management strategy tools for calculating quotas, headcount and commissions in our marketing planning and management app. Try it for free!
Why is there a sales management strategy chapter in a marketing process article?
Small improvements in your team’s skills and processes can often produce substantial results. Even great salespeople can benefit from a good sales management strategy and coaching; if your team is struggling, there’s room for improvement. And with the right attention to your pipeline and goals, you can make sure you’re on track to hit your numbers and make adjustments as needed.
|Best Case||Neutral Case||Worst Case|
|Your sales team is a revenue machine. They have the right skills and experience; they’re motivated to come in each day and close business.
You coach them regularly to improve their performance. When problems arise, they’re dealt with swiftly.
The sales team does a great job delivering the company’s value proposition, brand strategy and messages.
|There are strong and weak players on the sales team.
Some require a lot more hand-holding than you’d like; there isn’t always time to give them the help they need. As a result, their close ratios are much lower.
They’re probably not hitting their quotas, but they’re not a major liability to the company.
|Your sales team isn’t strong. They may not have a dedicated sales manager to help improve performance.
They may not have enough experience, especially if you’re a small company that can’t yet afford the big hitters.
You have a pipeline but don’t know what’s happening with prospects; it takes longer than it should to close deals. You suspect you need an entirely new sales operation.
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Your sales team should support your positioning and brand strategy, contributing to the experience that you wish to deliver and the mindshare that you wish to own.
This is accomplished by good hiring, training and strong sales management strategy. Have your team represent the personality traits of your brand, and look to hire people that fit them well.
Great salespeople want to make money. Tie the plan to your revenue goals and make sure that you’re compensating your reps for the right things. For example, if your reps don’t earn commission for managing “house” accounts, they’ll spend their time going after new business and you could lose valuable existing customers.
Be realistic about what a salesperson can accomplish in a set timeframe. Good salespeople can be demotivated by unrealistic quotas, which can lead to turnover.
To build a great team, start with a strong recruiting effort. Create a detailed job description so you know exactly what you need in your candidates. Cast a wide net, use a thorough interview process, and go after the candidates you really want.
A good manager actively works with the sales team. Train your reps thoroughly and coach them to improve their skills. Go on calls, establish performance measurements, and provide feedback. If a rep has trouble in a particular area, create an action plan and measure improvement.
You’ll need good sales reports to measure team and individual progress. Yet you don’t want your sales reps to spend valuable sales time creating manual lists and reports. Instead, develop automated reporting processes – for example, create reports in your CRM system. With good reports, you can see problems much earlier and take action more quickly.
Good sales reps want to get better – encourage them to read, attend seminars, network, and keep refining their skills.
Keep working with your team, improving their skills, and adjusting as needed. Hire the right people, manage them well, and enjoy their success!
For hands-on guidance on managing your sales team, check out the sales management tools in our app.
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